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Contemporary Mathematics for Busin...

8th Edition
Robert Brechner + 1 other
ISBN: 9781305585447

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BuyFindarrow_forward

Contemporary Mathematics for Busin...

8th Edition
Robert Brechner + 1 other
ISBN: 9781305585447
Textbook Problem

Calculate the following trade discounts and trade discount rates. Round answers to the nearest tenth of a percent.

List Price Trade Discount Trade Discount Rate Net Price

La Bella, a chain of clothing boutiques, purchased merchandise with a total list price of $25,450 from Sandy Sport, a manufacturer. The order has a trade discount of 34% .

a. What is the amount of the trade discount?

b. What is the net amount LaBella owes Sandy Sport for the merchandise?

(a)

To determine

To calculate: The trade discount if La Bella, a chain clothing boutique, purchased merchandise with a total list price of $25,450 from Sandy Sport, a manufacturer, and the order has a trade discount rate to 34%.

Explanation

Given Information:

It is given that La Bella, a chain clothing boutique, purchased merchandise with a total list price of $25,450 from Sandy Sport, a manufacturer. The order has a trade discount rate to 34%.

Formula used:

Trade discount is computed by multiplying the trade discount rate with the list price.

Trade discount=List price×Trade discount rate

Calculation:

Consider the list price is $25,450 and trade discount rate is 34%

(b)

To determine

To calculate: The net price if La Bella, a chain clothing boutique, purchased merchandise with a total list price of $25,450 from Sandy Sport, a manufacturer and trade discount rate is 34%.

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